100% STP for The Global Funds Industry

Racking up the (Easyjet) Airmiles

The Calastone bandwagon has rolled into Dublin, Norway and Edinburgh in the last three weeks and there is no sign of any let-up as summer finally arrives in London.  I'm starting to understand why my boss has not taken a holiday in three years - when you're competing with some of the world's largest banks and Central Securites Depositories, there's little time to rest. 

Our settlement service goes from strength to strength, with the first stockbrokers and more asset managers signing up.  And the reconciliations service is ticking along nicely, with huge demand from the distribution community. 

Calastone is hiring

Calastone is looking for a new business salesperson to join our growing business in the UK and Ireland. Send your CV to: jobs@calastone.com.

The Dublin Tipping Point

We have just returned from our big Dublin event on 8th June which was attended by 35 Transfer Agents, fund managers and distributors.  There is significant appetite for Calastone's services on the other side of the Irish Sea, with particular demand for a solution to providing STP for alternative investments.

Calastone will continue to work with market participants to develop innovative message-based solutions to issues as diverse as electronic tax vouchers, corporate actions and re-registration.  Dublin is home to a number of large Transfer Agents who manage the administration of alternative asset managers and we are looking for clients who would like to be involved in building an STP solution for alternatives. 

A big thanks to all our clients in Dublin who braved the rain and made it to the Shelbourne Hotel to discuss order-routing, settlement and reconciliations.  You can watch a video of our London Tipping Point event by clicking here.

A Reconciliations Process where Everyone Wins

Hot on the heels of automated order routing and settlement, the funds community seems equally keen on Calastone's reconciliations service that brings benefits to both providers and distributors. With reconciliations usually a monthly FSA requirement at the very least, providers are currently burdened with the costs of producing this information that ultimately benefits distributors. Similarly, distributors more often than not have to re-key this information into their own systems, having received different formats from different counterparties.
Calastone has been at the forefront of talks with the industry to improve the reconciliations process and more detail will be provided in future blogs. Needless to say, the above shortcomings have been addressed by Calastone's reconciliations offering and every participant, provider or distributor, will benefit.